A colleague of Mario Draghi – Yves Mersch, has a suggestion if Draghi is willing to send a signal that the European Central Bank’s stimulus drive won’t last much longer. According to Mersch, who sits with President Draghi on the… Read More ›
Economy & Finance
To Get Out of the Doldrums, Energy Stocks Look for Catalyst
As the energy sector’s profit rebound has lacked vigor, buoyant oil prices since Donald Trump’s election have provided no lasting halo effect for energy stocks. U.S. crude has held above $50 a barrel since mid-December and oil prices are up… Read More ›
Warning Against unpicking Bank Rules to U.S. Given by EU Financial Services Chief
A top U.S. official has said that if Donald Trump’s administration repeals global rules imposed in the wake of the financial crisis, some U.S. financial institutions could be locked out of the European market. International rules agreed during the 2007-09… Read More ›
Shipments of Oil-for-Loan Deals with China and Russia from Venezuela Falls Behind Schedule
Under oil-for-loan deals with China and Russia, Venezuela’s state-run oil company, PDVSA, has fallen months behind on shipments of crude and fuel. New insight into PDVSA’s operational failures and their crippling impact on the country’s unraveling socialist economy is provided… Read More ›
After PBOC Talks, Withdrawals Halted by China Bitcoin Exchanges
Due to perceived pressure from China’s central bank to clamp down on capital outflows, the nation’s three biggest bitcoin exchanges took steps to prevent withdrawals of the cryptocurrency form the country. The major bitcoin exchanges said in separate statements on… Read More ›
Burden of OPEC Oil Cuts Being Taken by Saudi Arabia
Saudi Arabia is overcompensating for some of its fellow oil producers even as OPEC members appear to be complying with agreed production cuts. 10 member states are required to reduce their collective output by 1.2 million barrels per day (bpd)… Read More ›
Morgan Stanley likely to relocate to Hudson Yards
Yes, it is the same site BlackRock Inc. will also move to in 2022. The Wall Street Journal has reported citing people familiar with the matter at hand, Morgan Stanley is contemplating on moving to Manhattan’s West Side’s Hudson Yards. Morgan… Read More ›
UK plans on removing a major hurdle facing self-driving vehicles
Britain’s transportation minister is set to make self-driving friendly insurance rules, a fact which could nurture the nascent industry which globally has been valued at $1.1 trillion by 2025. In what is likely to be a major strategic shift to… Read More ›
Donald Trump needs to tackle China on trade tariffs: U.S. ethanol and grain producers
China, one of the biggest importers of U.S. agricultural products, has imposed punitive tariffs on U.S. agricultural produce which has resulted in the cancellation of several orders. Three industry groups in the U.S, who represent U.S. grain growers and ethanol… Read More ›
Scottish government to demand a 2nd independence referendum
The Courier Newspaper in Dundee has reported that British Prime Minister Theresa May is secretly working on a strategy to deal with Scotland’s demand for a second independence referendum. In a significant development for the UK, the Scottish government has… Read More ›
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